The objective of this paper is to justify the existence of the accounting function as a significant and integral requirement of each organization and institution as well as its purpose in the current society we live in today. This entails the analysis of the users of accounting information, the various branches of accounting and the relevance of this information to various stakeholders in the society that surround and support organizations and institutions.
Accounting, in itself is a fundamental part of the information systems of organizations today. This is because there are various parties in the society that need this information apart from the managers and owners of the organizations and institutions.
Furthermore, accounting is now regarded as a service function of organizations and the society in general. This is because as an informative function of organizations, it enables various users to make relevant and valid decisions of an economic and financial viewpoint.
Table of Contents
Introduction
Users of Accounting Information and their Needs
1. Owners
2. Customers
3. Suppliers
4. Managers
5. The Lenders
6. The Government and its agencies
7. The Financial Analyst and Advisors
8. The Employees
9. The Public
Branches of Accounting and Their Relevance to Organizations
Financial Accounting
Management Accounting and Cost Accounting
Accounting and Social Practice
Accounting and Corporate Governance
Positive Impacts of Corporate Governance
Negative Impacts of Corporate Governance with regard to Disclosure
Accounting Information Systems
Conclusion
References
- Citation du texte
- Musbau Kolawole Kayode (Auteur), 2015, The Users of Accounting Information and their Needs. An Introduction to Accounting and its Branches, Munich, GRIN Verlag, https://www.grin.com/document/306839
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